GEP Worldwide Senior Sourcing Analyst Interview Questions, Process, and Tips

Parameters for negotiation include price, quality, delivery terms, payment terms, and volume.

• Price: Negotiating the best price for the goods or services being sourced.

• Quality: Ensuring that the quality of the products meets the required standards.

• Delivery terms: Agreeing on the timeline for delivery and any associated costs.

• Payment terms: Negotiating the terms of payment, such as discounts for early payment or penaltie...read more

My strength lies in my ability to analyze complex data, identify cost-saving opportunities, and negotiate favorable contracts.

• Strong analytical skills to evaluate sourcing options and cost-saving opportunities

• Effective negotiation skills to secure favorable contracts with suppliers

• Ability to work collaboratively with cross-functional teams to achieve sourcing goals

One weakness is my tendency to get overly focused on details, which can sometimes slow down decision-making processes.

• I tend to be a perfectionist and may spend too much time on minor details

• I am working on improving my ability to delegate tasks to others

• I sometimes struggle with prioritizing tasks effectively

I have worked in various companies in the past, taking on different roles and responsibilities.

• I have experience working as a Senior Sourcing Analyst at Company A.

• At Company A, my main responsibilities included analyzing supplier performance, negotiating contracts, and managing vendor relationships.

• I also worked as a Sourcing Specialist at Company B, where I was responsible for identifying potential suppliers, conducti...read more

My best subject was mathematics because I enjoyed solving complex problems and it provided a solid foundation for analytical thinking.

• Mathematics - I excelled in mathematics throughout my academic career.

• Problem-solving - I enjoyed the challenge of solving complex mathematical problems.

• Analytical thinking - Mathematics helped me develop strong analytical skills.

• Solid foundation - Mathematics provided a solid foundation...read more

Sourcing steps involve identifying needs, researching suppliers, negotiating contracts, and managing relationships.

• Identify sourcing needs based on requirements and specifications

• Research potential suppliers to assess capabilities and quality

• Negotiate contracts to secure favorable terms and pricing

• Manage supplier relationships to ensure timely delivery and quality

• Monitor supplier performance and make improvements as ne

Procure to pay process is the series of steps involved in purchasing goods or services from a supplier and paying for them.

• The process starts with identifying the need for a product or service.

• Next, a purchase requisition is created and approved.

• A purchase order is then issued to the supplier.

• Goods or services are received and inspected.

• An invoice is received and matched to the purchase order and goods receipt.

• Payment ...read more